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He is trying to sell you something....
The uplist was never the main focus. The Douchebag CEO was losing voting control of the company and wanted to seize control via reverse splitting the shares of (except his super voting shares) which would have essentially given him 95%+ of the vote.
<< Kraig Biocraft Laboratories (OTCQB:KBLB) has updated its filing with the SEC for a proposed $10M offering and uplisting to Nasdaq. >>
In other words, MASSIVE dilution.
At today's share price, that would equate to another 82 MILLION shares.
*****KBLB - FAILURE AFTER FAILURE*****
NEW: 2023: Air Force Contract is a Slam Dunk - FAILED
NEW: 2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
NEW: 2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
NEW: 2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
NEW: 2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
We have been told over and over again that the company PRs are the ONLY way to know the real "truth" about KBLB.
OK, well, let's take a look at that so-called "truth" from some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
<< It was a new PR >>
WRONG AGAIN!
Please show us today's "new PR" on KBLB's website....
https://www.kraiglabs.com/news/
You can't, because there is no PR from today. The last PR was posted on Monday:
https://www.kraiglabs.com/kraig-biocraft-laboratories-spring-production-trials-exceed-expectations-for-the-production-of-the-companys-recombinant-spider-silk/
Trying to call today's PR a "new PR" is extremely disingenous (as are most of the posts from the rah rah pumpers).
<< doesn't make you right or wrong. >>
Of course I was correct (once again). You just hate to admit it. I have been correct for years upon years.
Two people on this board were claiming that it was a new PR:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174384405
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174385589
<< Today's post was the same as Monday's >>
Thanks for confirming exactly what I stated.
<< This is NOT a reposting of the same BS that was posted Monday. >>
Yes, it is.
You people are so clueless. I feel sorry for all of you that actually believe all of this BS.
Here is the PR from Monday on KBLB's own website:
https://www.kraiglabs.com/kraig-biocraft-laboratories-spring-production-trials-exceed-expectations-for-the-production-of-the-companys-recombinant-spider-silk/
It is the exact same thing that is being reposted today on this board.
<< New pr out. >>
That isn't a new PR. You are just reposting the same BS that came out on Monday (four days ago).
<< 2013 - running ahead of schedule >>
Running "ahead of schedule" since 2013....
LOL
What a joke!
They tested the parent lines (under limited and very controlled conditions, which doesn't match the real world), but not the resultant BAM-1 hybrids, and they are calling it a "success". This thing reeks of scam....
Next up....
Massive dilution....
<< they say 7 cents is the fair value >>
They were being quite generous, because this POS stock isn't even worth that.
<< In late 2019, KBLB was providing updates on their CONSISTENT PROGRESS to produce silk. Exciting times! Until things fell apart in January the next year. OOPS! >>
It is the same strategy year after year for the past decade and a half. Wash, rinse, repeat....
I can't believe that some people still fall for this crap.
<< Definitely some sells happening >>
LOL
For the past 2 months, EVERY week has had more SELLING than buying:
Week of Mar 4 - 15.3 MILLION SELLS, 11.8 million buys
Week of Mar 11 - 2.5 MILLION SELLS, 1.7 million buys
Week of Mar 18 - 1.7 MILLION SELLS, 0.6 million buys
Week of Mar 25 - 1.02 MILLION SELLS, 0.99 million buys
Week of Apr 1 - 7.4 MILLION SELLS, 2.5 million buys
Week of Apr 8 - 3.2 MILLION SELLS, 2.2 million buys
Week of Apr 15 - 1.9 MILLION SELLS, 0.7 millions buys
Week of Apr 22 - 3 MILLION SELLS, 1.4 million buys
***225K SHARES DUMPED***
Probably the scumbag CEO or one of his rah rah pumper minions.
Your record shows that your opinion is worthless....
<< After being here for 13 and a half years, no one will ever take one share out of my hands until a BO occurs. >>
You are full of BS!
A few years ago, you admitted on this board that you sold shares. You have probably done that multiple times (all the while telling people to hold or buy more).
<< Maybe KT was hinting at a future partnership or venture of some sort. >>
It is more likely that the Douchebag CEO couldn't think of any BS to pump for that week.
<< watch out for the crucial trading moment of the day where the orchestrated "shocking seller(s)" manipulate the share price in a manner that the positive chart building picture is "killed" ! >>
That is a crock of BS.
Just take today for example.
439K SELLS
34k buys
It wasn't even close.
The "crucial trading moment of the day" was the opening bell. LOL.
<< Sometimes there is more buying than selling and sometimes it’s the opposite… >>
You try to make it sound like selling and buying are about the same, but that is FAR from the truth.
For the past 2 months, EVERY week has had more SELLING than buying:
Week of Mar 4 - 15.3 MILLION SELLS, 11.8 million buys
Week of Mar 11 - 2.5 MILLION SELLS, 1.7 million buys
Week of Mar 18 - 1.7 MILLION SELLS, 0.6 million buys
Week of Mar 25 - 1.02 MILLION SELLS, 0.99 million buys
Week of Apr 1 - 7.4 MILLION SELLS, 2.5 million buys
Week of Apr 8 - 3.2 MILLION SELLS, 2.2 million buys
Week of Apr 15 - 1.9 MILLION SELLS, 0.7 millions buys
Week of Apr 22 (this week so far) - 2.5 MILLION SELLS, 1.4 million buys
<< it could very well be Kim selling personal shares to help fund the business… >>
The only thing the Douchebag CEO is funding is himself.
<< Could it be Kim selling more shares on the open market to raise capital ? Ie dilution ? >>
It could be the Douchebag CEO dumping shares onto the market to take advantage of the pump from the PR. Or it could also be the rah rah pumpers telling others to buy as they dump their shares.
It can't be dilution, since any dilution would show up in the O/S. But don't worry, that is coming as well.
FTC Announces Rule Banning Noncompetes
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
Since the Douchebag CEO is a lawyer, you can bet that he makes every employee sign a noncompete.
Well, not anymore....
<< As they hatch, they grab a female from one room and a male from the other, put them under the cup, and nature takes its course. >>
That would take a TREMENDOUS amount of man-hours to accomplish. Imagine having a million cocoons in each room. And lets just say that you work 24 hours a day, 7 days a week, and you could grab a male and a female and put them under a cup every 10 seconds (which is impossible). It would still take about 116 days (or almost 4 months) to complete the task.
According to some websites, it takes about 5.5 MILLION silkworms to make a metric ton of silk.
The Douchebag CEO said that the trial isn't finished, and that they will be letting the silkworms break out of their cocoons (therefore ruining them) in order to let them breed and create the BAM-1 hybrid. That will entail breeding Parent 1 with Parent 2.
I'm not sure how they will prevent Parent 1 from breeding with Parent 1 or Parent 2 from breeding with Parent 2.
If they are manually separating each Parent line by gender, then that will take a HUGE amount of man-hours and increase expenses exponentially.
<< March 06, 2024 - I expect a PR announcing a Press Conference within the next few weeks. New ALL TIME HIGH is 4-6 weeks away >>
Wrong on both accounts (as usual).
<< I guess I am dreaming ut what KBLB needs at this point is a spot in say USA Today's list of the 5 best Penny stocks to own. >>
You are dreaming....
This POS penny stock needs to be delisted.
<< Does not the insurance cover the judgment? >>
Not if it was fraud.
It looks like the warrants are priced at around 7.3 cents (which is about a 90% increase from the current share price).
Psyched Wellness and Gotham Green Partners to Close Final Tranche of US$2.5M for a Total of US$7.5M Raised and Partner with Strategic Advisors to Build Consumer Packaged Goods Derived from AME-1
Toronto, Ontario--(Newsfile Corp. - April 19, 2024) - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched Wellness"), a life sciences company focused on the production and distribution of health and wellness products derived from the Amanita Muscaria mushroom, is pleased to announce that it has entered into a master services agreement (the "Master Services Agreement") with Zerkalo, LLC, a New York partnership ("Zerkalo"), pursuant to which the Company has engaged Zerkalo to develop product development, marketing, distribution and supply chain set up for a product derived from AME-1 (the "Product"), in accordance with the terms and conditions of the Master Services Agreement and accompanying statement of work (the "SOW" and together with the Master Services Agreement, the "Transaction Documents") for a period of the greater of: (x) thirty months and (y) the time required to complete any services still outstanding pursuant to the Transaction Documents at the end of the thirty month period.
"Closing the last tranche of the financing with Gotham Green Partners and securing Zerkalo's investment and partnership to build out our consumer packaged goods ("CPG") brand representing a transformational moment for Psyched Wellness and its shareholders," said Jeffrey Stevens, Chief Executive Officer of the Company. "As the founders of Harmless Harvest, Justin and Douglas have an incredible track record of building brands and creating value for its investors, and we are thrilled to have them lead this next chapter for Psyched Wellness," added Mr. Stevens.
"Douglas and Justin's shared alignment with our Company's vision and enthusiasm for the potential of AME-1 as a leading-edge CPG product is invaluable. With their wealth of experience and creativity, we are thrilled to collaborate in bringing Amanita products to the mass market," said David Shisel, Chief Operating Officer of the Company.
"Over the past years we have been on the lookout for a truly disruptive ingredient that can demonstrate value in tangibly improving the quality of modern life. While a broad variety of novel fungi and plants have made their way into the food and beverage aisles in the past few years, few have delivered on the promise and surging demand for wellness you can actually feel. Amanita gives us a whole new product design vocabulary that shows great promise and mass appeal. We're thrilled to join these pioneers and establish a truly needed product for the health conscious consumer," said Justin Guilbert.
"Fifteen years ago, Justin and I nurtured the dream of an integrated supply chain that values conservation, sustainability, and the complexity of biotopes. With Psyched Wellness's Amanita we finally have a non timber forest product to champion and scale to meaningful environmental impact. Better for you should be better for the planet. This opportunity is one of the rare models that can deliver a blueprint for better food systems," added Douglas Riboud.
Messrs. Guilbert and Riboud have been collaborating on developing and delivering radically innovative consumer products for the past fifteen years. As founders, they are best known for creating 'Harmless Harvest' - the plant-based juggernaut famed for its iconic coconut water. They have been involved in numerous projects, from beauty to seafood, with a core mission to successfully establish purpose or "conscious" capitalism as the next iteration for a modern construct of consumerism.
Transaction Details
Pursuant to the terms and conditions of the Transaction Documents, the Company will allocate a budget $2,250,000 in cash towards Zerkalo, payable in ten quarterly installments of $225,000 to achieve the milestones outlined in the SOW and issue to Zerkalo an aggregate of 35,066,632 advisory warrants (each, an "Advisory Warrant") within ten days of signing the Transaction Documents. These milestones include, but are not limited to, the creation of a brand/brand identity, product development/formulation, packaging conception and execution, development of marketing material, sales support and merchandising asset development, review and selection of copacker partners and strategy, oversight of pilot and production runs, go-to-market/sales-and-distribution (channel selection, positioning analysis, soft launch with core audience, channel support execution, field sales support strategy and activation, promotional strategy, negotiation and execution), and project management and finance.
Each Advisory Warrant will entitle Zerkalo to acquire one common share in the capital of the Company (each, a "Common Share") at a price of C$0.10 per Common Share (the "Exercise Price") at any time for a period of sixty months from the date of issuance, subject to certain vesting conditions. Subject to the Transaction Documents not being terminated prior to the applicable vesting date, 23,377,755 Advisory Warrants shall vest in quarterly installments over the span of ten quarters and the remaining 11,688,877 Advisory Warrants shall vest only upon the completion of the Product's launch.
The Advisory Warrants and the Common Shares underlying their exercise will be subject to: (i) a four (4) month and one (1) day hold period from the date of issuance and (ii) applicable legends as required pursuant to the U.S. Securities Act.
Private Placement Update
Further to the Company's press releases dated May 30, 2023 (the "May 30 Release") and June 12, 2023 (the "June 12 Release"), September 1, 2023 (the "September 1 Release"), September 5, 2023 and January 17, 2024, notwithstanding the fact that Gotham's (as defined in the June 12 Release) exclusivity elapsed on November 8, 2023, the Company and Gotham are continuing to work towards closing Tranche 2B (as defined in the September 1 Release). Capitalized terms not otherwise defined herein have the meanings attributed to them in the May 30 Release.
Pursuant to the terms and conditions of the Amended and Restated Investor Rights Agreement (as defined in the September 1 Release), upon satisfaction and/or waiver of the Tranche 2B Closing Conditions (as defined in the September 1 Release) and receipt of a closing notice, the parties will close a final tranche of the Offering for gross proceeds of US$2,500,000. Each Unit will be sold at a price of C$0.07 per Unit and will consist of one (1) Common Share and one (1) Warrant. Each Warrant will entitle the holder thereof to acquire one (1) Additional Share at a price of C$0.10 per Additional Share at any time for a period of sixty (60) months from the date of issuance, exercisable on a cashless basis, subject to acceleration and compliance with the policies of the CSE, as further outlined in the May 30 Release.
All securities issuable under Tranche 2B will be subject to: (i) a four (4) month and one (1) day hold period from the date of issuance and (ii) applicable legends as required pursuant to the U.S. Securities Act. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
Upon closing of Tranche 2B, and during the remainder of the Nomination Period (as defined in the September 1 Release), Gotham shall be entitled to designate the Third Nominee (as defined in the September 1 Release), replacing one existing member of the Board (who shall not be the First Nominee or Second Nominee (each as defined in the September 1 Release)), bringing the total Board representation of Gotham to three (3) members, and maintaining the board size at seven (7), provided that no more than three (3) Board members, at any time, will be employees or partners of the Investors (as defined in the June 12 Release) or their affiliates.
Gotham has no obligation to acquire any Units under Tranche 2B. The Units issuable in connection with Tranche 2B shall be issued to the Investors within five (5) business days following the satisfaction and/or waiver of the Tranche 2B Closing Conditions, subject to the terms and conditions of the Amended and Restated Investor Rights Agreement.
The Investors in Tranche 2B will enter into lock-up agreements with the Company to refrain from selling any Units acquired in Tranche 2B (and any securities underlying such Units acquired in Tranche 2B) for a period of twelve (12) months following closing of Tranche 2B.
https://www.newsfilecorp.com/release/206158
That court case involved two scammers trying to scam each other. LOL.
<< The last 2 press releases were quite significant. >>
No, they weren't. It was just more of the same old, same old BS.
Wash, rinse, repeat.....
****4X AS MANY SELLS AS BUYS****
Another day where someone is dumping shares.
Is that you Douchebag?